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Khalid Ali al-Bustani, director general of the Federal Tax Authority, said that since the beginning of the application of value-added tax, the Authority has defined reporting periods periodicals, which are monthly for large-scale and quarterly work done by other companies. New semi-annual for some small business and commercial property owners and board members.
According to the Al Khaleej newspaper, Al Bustani revealed in a statement issued about his presentation to the Al Bateen Council in Abu Dhabi on "the application of indirect taxes in the United Arab Emirates" that the Authority was studying with the authorities concerned the development of an electronic liaison system facilitating procedures for the payment of taxes related to the real estate sector.
Al Bustani said that these measures were part of the Authority's ongoing efforts to strengthen its partnerships with business sectors and provide them with all the means to enable them to fully comply with the requirements. and provide them with all possible facilities. In order to achieve the desired objectives of the application, taking into account the facilitation of the business sectors so as not to affect their activities.
In accordance with Resolution No. 52 of 2017 of the Council of Ministers concerning the Implementing Regulation of the Federal Law No 8 of 2017 on VAT, the tax declaration and the payment of the tax due to the Authority must be submitted no later than the twenty-eighth day following the end of the relevant tax period. .
He emphasized the need to ensure that all taxfilers are taxed as of the dates of their tax periods and the time allowed for submission of claims and payment of claims within the prescribed time to reach the Authority. before the last day of payment and not to wait until the last moment, which could result in the arrival of the body amount after the specified date Submit their periodic returns on the dates set to them even if the value of their deliveries to the during the tax period is nil.
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